Alphatec Restructuring Plan
Spells Major Losses for All

BANGKOK, Thailand -- Under the first major restructuring plan proposed for a Thai company owing large debts to numerous foreign lenders, both creditors and shareholders would take severe losses.

Claims by creditors owed $330 million by Alphatec Electronics PCL will be written down to about 5% of their face value, say people involved in the proposed deal, who spoke on condition of anonymity. Current shareholders would also see the par...